RE:RE:RE:RE:RE:Dividend reinstatement?“ If so, that isn't very much when you think about a 1.9 billion debt level?”
You’re right it’s not.
Am I the only one who does any DD around here??? Company has a slide slow in their latest presentation (July) which shows from $400 mm to $550 mm debt paid down between $70 to $80 WTI.
They also said under 1.5x debt to cash flow is the target.
They do 31,025,000 boe per year. At $70 /boe (higher cause of TTF... but just being conservative ), that’s $2,171,759,000 FFO.
given a DEBT to CF target of less than 1.5x, they could reinstate NOW.
but they prolly play it safe and let prices come for most of Q3 and Q4, before bringing back div